A high-yield, family apartment building is available for sale in Saitama

Dear Investors:

 

 

A high-yield apartment building is for sale in a residential neighborhood of Saitama Prefecture.

 

 

Type: residential (for families)

Address: 1, Honcho, Toda city, Saitama (8-min walk from Todakoen station of JR Saikiyo Line)

Land: 1,047.91 square meters

Floor area: 4,897.28 square meters

Structure: Steel Reinforced Concrete / 11 stories above ground + 1 story underground

Coverage: 80%

FAR: 400%

Completion: 1993

Current operation rate: 40/48

Current annual return: 103,071,600 yen (= 12 months x 8,589,300 yen)

Asking price: 1,500,000,000 yen (to be negotiated)

Yield: approximately 6.8%

Others: a nice residential neighborhood north of Tokyo (approximately 30 minutes to Tokyo station by JR), built by a famous construction company

 

 

a high-yield apartment bldg. in Saitama

 

 

 

 

All the units on the building are for families, that is, 2-bedroom and 3-bedroom apartments. 

 

Saitama prefecture’s population is growing because of its proximity not only to Tokyo but also to local parks and greenery.

 

 

Please let us know, if you are interested in the property or have any question or need further informationn about it.

 

 

Best regards,

 

 

Minato Asset Management

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Posted in Toda-shi, Tokyo real estate market, Tokyo real estate view

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